The Best It’s Ever Been

Everything is great. Interest rates are low, unemployment is low, the economy is great. Granted, the feds have pumped in a trillion or two dollars to keep the lead balloon aloft, but hey, until it crashes, all is good.

I’m not complaining. I’m happy with where gold is at.

In September the price of gold finally exceeded the “Trump Bump” level of election night, and in 2017 gold has been a solid performer.

First, it’s possible that Trump or the Rocket Man will do something crazy, and that may cause gold to spike. I don’t actually expect anything to happen. Trump is a talker, a negotiator, so I assume that he assumes he can talk the USA out of a war. I hope he’s right. If not, I’m adequately positioned.

Second, this is a seasonally good time for gold, so I plan to ride that train for at least another week or two. We’ll see.